Loan Products

Apply Online!

Contact Your IECU Lending Team or Apply Online!

Any member in good standing has the privilege of applying for a loan.  IECU offers loans for the following:

  • Automobiles, Trucks, and Vans
  • Motorcycles
  • Boats and Recreational Vehicles
  • Mortgages
  • Personal/Signature Loans
  • New Furnishings/Home Improvement
  • Consolidation Loans
  • Vacations
  • Equipment
  • Emergencies
  • Education Expenses

A regular share account with a $5.00 minimum deposit, a completed loan application, and proof of income (a recent paystub or copy of your tax return) are required for loan processing.  Each loan application is judged on an individual basis, and all records and comments are strictly confidential.

The method of payment is established at the time of loan approval. Repayment may be made via direct deposit or payroll deduction distributions, by mail, in person, via It’s Me 247 Online Banking, via audio response (CU*TALK), or by an automatic transfer from another Credit Union account.

IECU imposes NO PENALTIES if a loan is paid off before the end of the contract. If you choose to pay off the loan early, you will save money because we charge you interest only for the amount of time you borrow the money. This is a great advantage of a simple-interest loan.

Interest rates vary for different types of loans. Check out our current loans rates.

For more information about any of our lending services, contact IECU today.

Loan protection is available to our members at a reasonable cost. This includes Credit Life and Credit Disability insurance.


IECU is here to help, no matter your current financial situation, and is able to do so with interest rates much lower than those offers from predatory lenders.  In a world where second chances are hard to come by, the IECU Restart Loan Program offers a solution to repair poor credit and provide financial guidance from an experienced IECU Lending Officer. If you have a low credit score or have had financing issues in the past, the IECU Restart Loan is for you. Simply secure your amount, pay it back on time, and your positive payment history will be reported to the credit bureaus. You’ll be back on track in no time!

For our members who are just starting out and are looking to establish credit for the first time, IECU offers the Start Loan Program. Our low rates and specialized payment plans work together while you learn the basics of savings. Just like that, you’ll see your credit begin to build and open new doors for your personal finance options!


  • Maximum loan amount of $15,000 vehicle loans and $750 Visa credit limit
  • No Federal or State tax liens or back due child or spousal support
  • At least 12 months of consecutive full time employment
  • Any open collections or civil judgement must be approved by a member of Executive Management.
  • All bankruptcies must be discharged a minimum of 3 months.
  • All other underwriting guidelines apply.

Other restrictions apply. Please see an IECU Loan Officer for more details. To open a Start or Restart Loan,  an individual must meet the standard IECU membership eligibility requirements. A Member Services Representative can discuss these with you, or view a detailed list on our Membership page.

IECU’s Skip-a-Pay program allows you to skip a regular monthly loan payment for just a low fee.  It’s a great option when an unexpected bill arrives or for those times when you just need a little extra cash. Our Skip-a-Pay application can be submitted in person or via fax.

Some restrictions apply. Skip-a-Pay is available on loans with balances of at least $500 and up to $30,000, excluding mortgages and Visa credit cards. Fee is $35 per loan per month, which will be deducted from your account. Only two payments per loan can be skipped in a 12 month period with 6 full prior payments received. Fee does not apply towards principal or interest. 

Comments are closed.